Thought of posting the NF daily chart...Though very difficult to draw TL's ina side ways market..hehehe... We can identify 2 key levels whcih have acted as support..These are 2500 and 2640..Now the resistance levels seemd to be pegged at 2835 for this recent up move...if we manage to close above that say even after a minor downmove..we could be in a definite Bull zone if we can ener the 3000 mark this time ..yes with a bit of volumes...haha..A Sincere advice for newbies from a newbie ofcourse...If ur tradin options better to tak a 2600 call (supp at 2640) and a 2800 put (res at 2825)...Plzz dont jump on shorts as soon as 2800 is achieved...Might be a bad move this time around...Just my view...Trade safe..
If v take 2800 put and 2600 call both are at balle balle rates bcoz nifty at 2700 around. see if any side mkt go I will b in loss if i buy ur call sorry to say.
I will hav three things to b taken care of
for call nifty fall
for put nifty rise
for both time decay
Third one is dangerous of all.I mean if a sideway move came in next week between 2675-2775 all my premium will b ruined and on next fridat nifty close at same level i will b in 75% loss
But as I told I know less o n this I might b wrong too
